A top Morgan Stanley fund manager has identified a stock that could potentially benefit from the increasing power demands of artificial intelligence (AI).
What Happened: Aaron Dunn, who manages the Morgan Stanley U.S. Value Fund, has highlighted the growing power needs of AI as a potential investment opportunity in the utility sector, reported CNBC.
Dunn pointed out that the "next big bottleneck" for hyperscalers, who are major players in cloud computing for AI applications, will be power or fiber. He believes that the power needs of AI and the data center and cloud compute environment could be the next hindrance to their growth.
Identifying utilities as a potential investment, Dunn specifically named CMS Energy Corporation (NYSE:CMS) as a stock to watch. He emphasized the company's focus on renewable energy, which aligns with the green energy initiatives of many hyperscalers.
Another stock Dunn mentioned was Emerson Electric (NYSE:EMR), which he believes also has a favorable opportunity for solid earnings growth.
Bank of America's estimates reveal that Nvidia's AI servers alone have consumed electricity equivalent to that of approximately 20 million homes in the United States. Data centers, crucial for handling extensive computing power required for AI tasks, currently account for 1% to 2% of global electricity usage, as reported by BofA.
Why It Matters: The increasing power needs of AI have been a recurring theme in the tech and energy sectors. As AI's impact on electricity markets is expected to grow, companies are looking for ways to meet these demands sustainably. This has led to a surge in interest in renewable energy and even nuclear power as a potential solution.
Investors are also taking note of the potential opportunities in sectors affected by AI's growth. As M&A activity is expected to rise in 2024, the energy sector, particularly in relation to AI, could see increased attention from investors.
Meanwhile, the demand for AI technology is also driving demand for copper and other resources, further impacting the energy and tech sectors.
摩根士丹利的一位頂級基金經理已經確定了一隻可能受益於人工智能（AI）不斷增長的電力需求的股票。
發生了什麼：據CNBC報道，管理摩根士丹利美國價值基金的亞倫·鄧恩強調說，人工智能不斷增長的電力需求是公用事業領域的潛在投資機會。
鄧恩指出，超大規模企業的 “下一個重大瓶頸” 將是電力或光纖，他們是人工智能應用雲計算的主要參與者。他認爲，人工智能以及數據中心和雲計算環境的電力需求可能是其增長的下一個障礙。
鄧恩將公用事業視爲潛在的投資，特別將CMS能源公司（紐約證券交易所代碼：CMS）列爲值得關注的股票。他強調了公司對可再生能源的關注，這與許多超大規模公司的綠色能源計劃一致。
鄧恩提到的另一隻股票是艾默生電氣（紐約證券交易所代碼：EMR），他認爲艾默生電氣也有實現穩健收益增長的有利機會。
美國銀行的估計顯示，僅英偉達的人工智能服務器就消耗了相當於美國約2000萬個家庭的用電。美國銀行報告稱，數據中心對於處理人工智能任務所需的大量計算能力至關重要，目前佔全球用電量的1％至2％。
爲何重要：人工智能不斷增長的電力需求一直是科技和能源領域反覆出現的主題。隨着人工智能對電力市場的影響預計將增加，各公司正在尋找可持續地滿足這些需求的方法。這導致人們對可再生能源甚至核能作爲潛在解決方案的興趣激增。
投資者還注意到受人工智能增長影響的行業的潛在機會。隨着併購活動預計將在2024年增加，能源行業，尤其是與人工智能相關的行業，可能會受到投資者的更多關注。
同時，對人工智能技術的需求也推動了對銅和其他資源的需求，進一步影響了能源和科技行業。
